Meredith Claims “Strongest Competitive Position in History” After Time Inc. Merger

President and CEO Tom Harty opened Meredith Corp.'s quarterly earnings call Thursday morning by declaring the integration of the now two-year-old Time Inc. acquisition "largely complete," leaving the company in "the strongest competitive position in its history." Performance in Meredith's magazine and digital media business, known as its National Media Group, "significantly exceeded our expectations," in its fiscal Q2 (which ended on December 31), he said, driven by a second consecutive quarter of growth in its combined print and digital advertising business. While overall National Media Group revenue was down 3.1% compared to the same period last year, Meredith attributed those declines to numerous changes it made to its portfolio in recent months (outlined below), including the closure of Family Circle, which CFO Joe Ceryanec implied had been losing money but still had an impact on the group's top line revenue when it was shut down. Excluding these special items, Harty said, the National Media Group's operating profit was $92 million and adjusted EBITDA was $141 million, nothing that both figures were second-quarter records for the company. "If you look at calendar 2019 in its entirety, total comparable National Media Group advertising was up, meaning we achieved the inflection point of digital advertising revenue gains more than off-setting print advertising declines," he added. Harty summarized the changes the company has made to its magazine portfolio in greater... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2020-02-06 19:40:45 UTC ]
News tagged with: #moving forward #1% compared #$141 million #$175 million #digital media

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In the age of Corbyn, is the time right for another Road to Wigan Pier?

It’s no surprise that the Left Book Club is being relaunched now, with the imprimatur of the Labour leader and Ken Livingstone. It began in the anxious 1930s, a decade that has all too many parallels with the current oneAiming to “set the agenda for a new age of political debate”, the Left Book... Continue reading at The Guardian

[ The Guardian | 2015-11-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #original form


Time Inc UK to move dozens of titles out of London in restructuring

Publisher of Marie Claire and NME to announce major changes that will involve 300 staff being relocated The publisher of Marie Claire and NME is set to announce a major restructure of its UK business that will see 30 titles and brands and 300 staff relocated outside London.Time Inc UK owns more... Continue reading at The Guardian

[ The Guardian | 2015-11-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #uk business #marie claire #major restructure #country life #homes gardens #horse hound


‘The history of punk was always HIS story’: the women rewriting rock

Music memoirs by artists such as Chrissie Hynde and Viv Albertine have taken the publishing world by storm, satisfying a hunger for less-told rock tales and changing our idea of what it means to be an ‘older woman’In 2010, at a Welsh literary festival, an editor got chatting to a 55-year-old... Continue reading at The Guardian

[ The Guardian | 2015-11-15 00:00:00 UTC ]
More news stories like this | News stories tagged with: #sunday times #grace jones #people hate


Regional Mags Are Positioned Well for a Resurgence in Local Custom Publishing

As companies shift marketing dollars back into print-based custom projects, city and regional publishers are at the ready. The post Regional Mags Are Positioned Well for a Resurgence in Local Custom Publishing appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2015-11-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #regional publishers


'Banned' Judge Dredd satire to be reprinted for first time

Previously unpublished episodes of the comic book series Judge Dredd from the late 1970s, part of the 2000 AD anthology, are going to be reprinted for the first time by Rebellion Publishing following a change in the law. Continue reading at The Bookseller

[ The Bookseller | 2015-11-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #late 1970s #rebellion publishing


Time Inc. Confirms Its Purchase of Jane Pratt's xoJane and xoVain

Time Inc. has acquired Jane Pratt's xoJane and xoVain websites in a bid to build up its portfolio of brands that target millennials. Adweek first reported that the acquisition was imminent on Oct. 16.   The deal is the latest in a string of big moves from the New York magazine publisher this... Continue reading at AdWeek

[ AdWeek | 2015-10-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #editorial team #general manager #style network #advertising partners #engaged audiences #editorial properties


'N.Y. Times' Announces 2015 Best Illustrated Children's Books

The 'New York Times' has announced its Best Illustrated List for books published in 2015. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #illustrated children


At SCIBA Show, Dip in Attendance Points to Positive Change

Attendees at this weekend's Southern California Independent Booksellers Association (SCIBA) show in Los Angeles celebrated an uptick in sales, as well as membership. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #sciba show #positive change


750 Years Of Parisian History, As Told Through Architectural Illustrations

750 Years in Paris by Vincent Mahé is a visual time machine."I've always been fascinated by cities—especially cities that have a long history like mine," Paris-based illustrator Vincent Mahé says. Since its founding in 3 B.C., the City of Light has experienced astronomical highs (like hosting... Continue reading at Fast Company

[ Fast Company | 2015-10-26 00:00:00 UTC ]
More news stories like this | News stories tagged with: #nazi occupation


HCB sells US rights for Time Travelling with a Hamster

HarperCollins Children’s Books has sold the US rights for Ross Welford’s Time Travelling with a Hamster to Penguin Random House US for a six-figure dollar sum. Continue reading at The Bookseller

[ The Bookseller | 2015-10-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #time travelling #harpercollins children #ross welford


Spain’s Publishing Industry: Positioned to Fight for the Future

Despite media reports to the contrary, Spain’s publishing industry is robust and diverse, and investing for the future, writes Antonio María Ávila. The post Spain’s Publishing Industry: Positioned to Fight for the Future appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-10-22 00:00:00 UTC ]
More news stories like this | News stories tagged with: #post spain #future appeared #publishing industry #media reports


The Bookseller and The Sunday Times to run weekly ebook charts

The Bookseller and The Sunday Times are to run weekly ebook bestseller charts, with data supplied by all of the main trade publishers to The Bookseller. Continue reading at The Bookseller

[ The Bookseller | 2015-10-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #sunday times


Time Inc. Is in Talks to Buy Jane Pratt's Millennial-Focused xoJane

Time Inc. is close to acquiring Jane Pratt's xoJane and xoVain sites for an undisclosed sum as it looks to increase its content targeting millennial women, sources tell Adweek. The New York publisher is interested in buying Pratt's two sites to build up its focus on digital-only brands, which... Continue reading at AdWeek

[ AdWeek | 2015-10-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #millennial women #editorial properties #brand development #traditional publishers #news online #undisclosed price


'Adventure Time's' Ice King is getting his own comic book series

His crown keeps him alive, but it also drove him crazy. A new "Adventure Time" comic book miniseries is on the way and it's centered around a truly heartbreaking character, the Ice King. "Adventure Time: Ice King" will be the first comic book series to focus exclusively on the princess-obsessed... Continue reading at Los Angeles Times

[ Los Angeles Times | 2015-10-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #adventure time #focus exclusively


HarperCollins Positive About New Frankfurt Book Fair Layout

The new home for English-language publishers in Hall 6 at the Frankfurt Book Fair is a positive change, says Charlie Redmayne of HarperCollins. The post HarperCollins Positive About New Frankfurt Book Fair Layout appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-10-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #english-language publishers #positive change #charlie redmayne


Franklin: 'toxic competition' in large publishers

The atmosphere in some large publishing houses is "toxic" as imprints are forced to compete against each other for big titles, Profile Books' owner Andrew Franklin has said. Continue reading at The Bookseller

[ The Bookseller | 2015-10-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #large publishers #big titles #profile books


Marie Claire and NME publisher Time Inc UK boosts profits to £23m

Company reports 6% rise in pre-tax profits as top executives paid more than £5mMarie Claire and NME publisher Time Inc UK boosted profits to almost £23m last year while paying out more than £5m to staff and top executives at the magazine company.Time Inc UK reported a 6% rise in pre-tax profits... Continue reading at The Guardian

[ The Guardian | 2015-10-14 00:00:00 UTC ]
More news stories like this | News stories tagged with: #marie claire #pre-tax profits #top executives #magazine company #6% rise


At Frankfurt, It’s Time for the Superheroes of Publishing to Rise

Ahead of the Frankfurt Book Fair, Ed Nawotka reflects on the up-and-coming stars, those in the spotlight and behind the scenes, of the publishing world. The post At Frankfurt, It’s Time for the Superheroes of Publishing to Rise appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-10-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #publishing world #rise appeared


Diana Butler Bass on Why Conventional Religion is Fading Into History

In her new book, Bass surveys the evolution of faith in America and concludes it's not "a bad thing" that church attendance is down. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bad thing #church attendance


Museum competition marks illustrated Harry Potter launch

Bloomsbury Children’s Books is celebrating the release of the illustrated Harry Potter and the Philosopher’s Stone with a new competition, launched in association with children’s charity Kids in Museums. The Harry Potter Spotter competition marks the release of the first illustrated Harry... Continue reading at The Bookseller

[ The Bookseller | 2015-10-09 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bloomsbury children #original text #jim kay